https://www.taxtmi.com/caselaws?id=352539 The Tribunal partly allowed the Revenue's appeal, upholding the CIT(A)'s decision on the disallowance under Section 14A but dismissing the Revenue's appeal regarding the amortization of software expenditure due to the rectification order. The Tribunal emphasized the principle that disallowance under Section 14A should not exceed the exempt income earned by the assessee. en-us Thu, 14 Dec 2017 00:00:00 +0530 Sat, 16 Dec 2017 10:33:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352539 The Tribunal partly allowed the Revenue's appeal, upholding the CIT(A)'s decision on the disallowance under Section 14A but dismissing the Revenue's appeal regarding the amortization of software expenditure due to the rectification order. The Tribunal emphasized the principle that disallowance under Section 14A should not exceed the exempt income earned by the assessee. Case-Laws Income Tax Thu, 14 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352539